Business briefs

MARSHFIELD – Dawn Krause has been named accounting manager at Security Health Plan of Wisconsin Inc.

In her new position, Krause will oversee the reporting of financial information within the company and to all regulatory agencies.

Krause has more than 18 years of experience in accounting, including the past eight years with Security Health Plan. Before joining Security Health Plan, she worked in the public and government accounting area.

A Stratford native and Mosinee resident, Krause graduated from the University of Wisconsin-Stevens Point with a bachelor’s degree in accounting.

Groundbreaking on Monday

MARSHFIELD – A groundbreaking ceremony will be held at 9 a.m. Monday at Paget Equipment, 417 E. 29th St.

Paget Equipment was originally started in 1972 by Robert and Donald Paget. They worked out of a shop in Iowa until 1976, when they purchased the plant in Marshfield. Jim Reigel joined the company in 1977 and in July 1985, Jim, Bill and Lyle Reigel purchased the company from Don Paget.

At that time, Paget Equipment did 100 percent of its work in the dairy industry. The company made a decision to branch out into other industries and received its ASME code stamp for manufacture of code vessels. At the time of purchase in 1985, the company had 11 employees with sales of $500,000. After three expansions, the company now does work in eight different industries and have sales of $22 million with 63 employees.

The 2014 expansion of their Heavy Lift Bay will allow the company to have the lifting capacity of 360,000 pounds with 44 feet under the hook. The company manufactures primarily stainless steel equipment for industrial plants; however, it also gets into manufacturing of duplex material along with high nickel alloys.